Changes

  

Commercial Ventures and Intellectual Property (CVIP) is responsible for the protection and commercialization of intellectual property at UMass Lowell. 

The mission of UMass Lowell’s Office of Commercial Ventures and Intellectual Property (CVIP) is to facilitate the transfer of technology arising from government, foundation and industrial sponsored university research to the private sector. They facilitate development of inventions toward commercial relevance and utility, nurture mutually beneficial and sustainable relationships between the University and industry, promote an innovative and entrepreneurial culture at the University and contribute to the economic vibrancy and well-being of the Commonwealth. CVIP’s activities enable the successful transfer of commercially viable technology from the laboratory to the marketplace for public use and benefit. 

The main objectives of CVIP are:

*to generate income for inventors and the University as a whole for use in supporting further research, technology development and transfer;

*to advocate for the research community and seek to create incentives, provide rewards and obtain resources to advance commercialization of the technologies they generate.

== <span style="font-size:large;"><span style="font-family:verdana,geneva,sans-serif;">New Venture Initiative</span></span> ==